The highest-paying jobs in Singapore are in the following sectors: accounting, information technology (IT); marketing; banking and finance; and the healthcare.
Three sectors that was featured in 2015’s top five list are out of this year’s ranking: oil, gas and pharmaceuticals.
IT rank highest in the 2016 list with head of tech commanding between S$13,000 and S$24,000 every month, according to the Kelly Singapore 2016 Salary Guide.
The most popular jobs in demand for 2016 are: compliance manager, fintech developer, big data developer, digital marketing manager.
Despite the challenging economy, spots like financial technology, big data, and digital marketing sectors will continue to be in demand throughout 2016.
Professionals, managers, executives and technicians (PMETs) have been hit hardest. They should look at learning new skills and branching their capabilities into new areas of growth to stay relevant and employable.
Global economic situation will push more employers turning to temporary and contract work arrangements to fulfil manpower demands.
Singaporean workforce will need to look beyond permanent roles, especially in the current economic situation.
How much you can earn in the 5 highest-paying sectors:
The Government’s initiative in the 2015 Intelligent Nation Master plan and the National Broadband Network, is driving growth in the IT industry. Business development senior account directors as well as program managers earn between S$12,000 to S$22,000 and S$11,000 to S$14,480 respectively.
Developing the accounting sector into a leading global hub for the APAC region by 2020 saw the sector grow S$1.8 billion in 2015. Chief financial officers can earn S$10,000 to S$20,000 and accounts managers, S$5,000 to S$7,000.
Sales, Marketing & Advertising
Mobile marketing is becoming increasingly popular as an important medium to reach brands’ target customers. Digital marketing professionals can expect to earn S$6,000 to S$10,000.
Banking & Finance
Despite little growth in banking and finance, Singapore’s economy continues to be triple-A rated with more than 700 financial institutions providing a variety of financial services. Bright spots can be seen as the Monetary Authority of Singapore commits S$225 million for the growth of the country’s financial technology.
Fintech developers can be paid in the range of S$7,500 and S$12,000.
Health & Life Sciences
As Asia’s leading bio-cluster, the demand for specialist skill sets and talent is expected to be high. The Government’s has set aside a budget of S$19-billion for Research, Innovation and Enterprise 2020 Plan to support the sector. Research and development directors can get to earn S$8,000 to S$15,000.